Boxing and wrestling matches

From the 2024 DOR Tax Exemption Study

82.04.340 - Boxing and wrestling matches Description Income from businesses conducting boxing, sparring, or wrestling matches that require to be licensed through the Department of Licensing are exempt from B&O tax. Purpose The purpose of the exemption was to avoid double taxation, as these businesses were subject to a gross receipts tax on ticket sales. In 2009, this tax was changed to a fee. The fee is 6% of gross admissions receipts and $1 per ticket sold. These funds are deposited into the business and professions account to cover the costs of licensing and regulating these professions. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the Washington personal income growth rate reflected in the Economic and Reve